Somalia pirates free MV Panama after $7 mln ransom paid
MOGADISHU (Reuters) - Somali pirates freed the Liberian-flagged container ship MV PANAMA seized last December after receiving a $7 million ransom on Tuesday, pirates holding the ship told Reuters.
The vessel was hijacked on Dec. 10 en route from Tanzania to Mozambique with a crew of 23 from Myanmar.
"We received the agreed ransom of $7 million early in the morning after long negotiations. Now we have abandoned the ship and it is sailing away safely," a pirate who gave his name as Abdi told Reuters.
Somali piracy is estimated to cost the world economy billions of dollars a year and international navies struggle to combat the menace, especially in the Indian Ocean due to the vast distances involved. The shipping industry has warned that seaborne gangs pose an increasing threat to vital sea lanes.
The pirates are becoming increasingly violent and are able to stay out at sea for long periods using captured merchant vessels as mother ships.
(Reporting by Mohamed Ahmed; Editing by David Clarke)
- Tweet this
- Share this
- Digg this
- U.S. strikes have slowed Iraq militants but not weakened them - Pentagon
- Government urges court to leave some coal blocks with companies
- Japan and India vow to boost defence ties during summit
- Federer marches on as wild weather, upsets hit U.S. Open
- Pakistani protesters clash with police, soldiers secure state TV
Pakistani soldiers and paramilitary forces secured the headquarters of the state television channel PTV in Islamabad on Monday after a crowd of anti-government protesters stormed the building and took the channel off the air. Full Article
Israel claims West Bank land for possible settlement use, draws U.S. rebuke Full Article